The legal field is vast, and it is difficult for an attorney to focus on every different area of the law at the same time. As a result, attorneys tend to devote themselves to certain specialties that they are particularly passionate about. One of these areas is the elder law niche. The name more or less explains the area of specialization: Elder law attorneys counsel people who are concerned about the eventualities of aging. If you are looking ahead toward the future, there are … [Read more...] about Do Elder Law Attorneys Practice in Other Areas?
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How Do I Fund My Revocable Living Trust?
A revocable living trust can be a good choice if you want to maintain control of your assets while you are living as you simultaneously facilitate fast and effective postmortem asset transfers. As the person creating the trust, you can initially act as the trustee. The trustee is the person who handles the business of the trust, so you are the controller while you are alive and well. You can also act as the beneficiary initially, so you are free to receive distributions from … [Read more...] about How Do I Fund My Revocable Living Trust?
Is Probate in Indiana Always Required?
Is Probate in Indiana Always Required? from Paul Kraft After you passed away, the property that was in your sole and direct personal possession would be looked upon as probate property. Learn more about probate in Indiana in this presentation. … [Read more...] about Is Probate in Indiana Always Required?
How Do Elder Law Attorneys Charge?
There are certain legal issues that impact senior citizens, and elder law attorneys focus on this area of the law. Since so many baby boomers are reaching retirement age at the present time, there are a lot of people out there looking for answers. Elder law attorneys assist clients who are trying to navigate through the eventualities of aging. While there are many different elder law matters that seniors should understand, there is one issue that stands above the rest. Living … [Read more...] about How Do Elder Law Attorneys Charge?
When Does a Power of Attorney Terminate?
We will examine the matter of termination in this blog post, but before we get into that specific topic, we should explain why powers of attorney are relevant when you are planning your estate. Comprehensive Planning Most people look at estate planning from a purely financial perspective, but you should think comprehensively. When you plan your estate, you should also consider the issues that you may face toward the end of your life. When you look at the facts, you see that people are … [Read more...] about When Does a Power of Attorney Terminate?
Attend a January Living Trust Seminar
You should understand the value of revocable living trusts when you are making estate planning decisions. These trusts can be a good choice for many people, even those who are not wealthy, but they are often overlooked. Let's look at some of the facts. Probate Avoidance The person who creates a revocable living trust would typically act as the trustee and the beneficiary initially. As a result, control is not surrendered, and the trust maker has the ability revoke the trust … [Read more...] about Attend a January Living Trust Seminar
What Is the Difference Between SSI and SSDI?
Government programs often have wordy names, so they are shortened to acronyms for convenience purposes. When they are very similar, things can get confusing, so we endeavor to provide clarity from time to time on our blog. With this in mind, we will look at SSI and SSDI in this post. Social Security Disability Insurance The acronym SSDI stands for Social Security Disability Insurance. You become eligible for SSDI coverage through the accumulation of retirement credits. … [Read more...] about What Is the Difference Between SSI and SSDI?
LGBTQ Estate Planning: Are You Prepared?
Laws that are relevant to estate planning are always changing, and this is why you should be aware of the current state of affairs. Clearly, it is difficult for laypeople to remain up-to-date, and this is one of the reasons why you should develop an ongoing relationship with an estate planning attorney. When it comes to laws that impact estate planning, there have certainly been some changes that are relevant to members of the LGBTQ community. Legal wrangling has been going on for … [Read more...] about LGBTQ Estate Planning: Are You Prepared?
What Is a Third Party Special Needs Trust?
There are various different ways that you can set aside assets for the benefit of a loved one. The right choice will depend upon the circumstances, and with this in mind, we will look at third party special needs trusts in this post. Improved Quality of Life A third party special needs trust is a trust that is funded by someone other than the beneficiary. This type of trust can be used to provide for a loved one who has a disability. Many people who have special needs are … [Read more...] about What Is a Third Party Special Needs Trust?
What Is Capital Gains Tax?
There are so many taxes out there it is hard to keep track of all of them. Without question, you should understand the taxes that can be applicable when you are planning your estate. One tax that can come into play is the capital gains tax, and we will look at the details in this post. Realizing a Gain When you own assets that have appreciated, the capital gains tax is looming. The gains are taxable, but you do not have to pay the capital gains tax until you realize a … [Read more...] about What Is Capital Gains Tax?
